Large business interruption scheme
This scheme is currently available and open to applications until 31 March 2021.
The Coronavirus Large Business Interruption Loan Scheme (CLBILS) supports large businesses, with an annual turnover of over £45 million.
All viable businesses with turnover of more than £45 million per year can apply for up to £25 million of finance. Firms with a turnover of more than £250 million can apply for up to £50 million of finance.
The scheme is available through a series of accredited lenders, which are listed on the British Business Bank website. The government provides lenders with an 80% guarantee on individual loans.
This scheme allows lenders to support businesses that were viable before the coronavirus outbreak but now face significant cash flow difficulties that would otherwise make their business unviable in the short term.
You’re eligible if:
your business is based in the UK
your business has an annual turnover of over £45 million
you can self-certify that your business has been adversely impacted by coronavirus
your business has not received a facility under the Bank of England’s COVID-19 Corporate Financing Facility
You must also have a borrowing proposal which the lender:
would consider viable, if not for the coronavirus pandemic
believes will enable you to trade out of any short-term to medium-term difficulty